PARAMUS, New Jersey, July 23, 2013 /PRNewswire/ --
Vivo, a subsidiary of Telefonica Brazil, is the country's largest mobile operator
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that Vivo, a subsidiary of Telefonica Brazil, has selected Ceragon as its wireless backhaul partner for the next phase of its nationwide LTE network. With orders valued at over $6 million, Ceragon is supplying Vivo with a range of short haul solutions based on its FibeAir ® family of products as well as a full range of turnkey services. Ceragon solutions will help boost Vivo's network capacity as it expands and upgrades its network, delivering a vastly improved user experience to its subscribers.Vivo is Brazil´s largest mobile operator and offers a wide range of telecommunication and broadband services to more than 91 million subscribers throughout the country. Brazil is home to more than one third of all mobile users in Latin America and the Caribbean and is the seventh country in the world in terms of Internet usage. "After years of working with Ceragon's solutions, we are convinced that Ceragon has the expertise, reach and technological vision to meet Vivo's target to achieve full LTE coverage before the World Cup in 2014," said Leonardo Capdeville, Network Director at Vivo. "We look forward to continuing to develop our relationship as we roll out our advanced LTE network." "With the 2014 World Cup looming on the horizon, Brazil's operators are all racing to deploy their LTE networks," said Ira Palti, Ceragon's President and CEO. "Ceragon is excited to play a part in this nationwide LTE deployment and to continue to build out the infrastructure for future growth." The current agreement is in addition to Ceragon's global partnership with Telefonica. Ceragon is currently active in Telefonica deployments in 6 national markets. The Telefónica Group, a global Tier-1 telecommunications company and one of the world's leading integrated operators, offers communication, information and entertainment solutions in 25 countries, servicing more than 300 million subscribers.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts